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Dec 24, 2012
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a slowing germany will become a wild card. that's my call for the biggest wild card in 2013. >> i tell you what. you have to go nose to nose with a country on the foreign exchange front, i think the japanese are going to be well matched with the mentality of what is going on in germany. listen, merry christmas. i know hannukah is over and you had a great hannukah. >> thank you. >> best holiday wishes to all the viewership from two old time traders. back to you. >> two of the best that is. rick and ira, thanks so much. happy holidays to you. facebook in the headlines again this time for tax trouble. we'll have more on that story when we come right back. >>> the christmas holidays starting not long from now, markets an hour and a half away from closing on this holiday shortened trading session. for the time being the dow is down about 49 points, s&p off almost five and the nasdaq off almost 11. many global markets experiencing shortened sessions today around the world as well. london closed at 12:30 p.m. local time. france at 1:
a slowing germany will become a wild card. that's my call for the biggest wild card in 2013. >> i tell you what. you have to go nose to nose with a country on the foreign exchange front, i think the japanese are going to be well matched with the mentality of what is going on in germany. listen, merry christmas. i know hannukah is over and you had a great hannukah. >> thank you. >> best holiday wishes to all the viewership from two old time traders. back to you. >> two of...
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Dec 19, 2012
12/12
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adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens whe
adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally...
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Dec 31, 2012
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. >> look at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of the year, jamie dimon buying jpmorgan when the whale hit. things looked really dark. some of the best trades happened obviously when it looked like the stocks were in for real trouble. >> look at the greek stock market. look at greek debt. i think it was third point that established a prominent position in greek debt and saw x number of returns thereafter. >> draw the lessons to today. as we teeter on the cliff, what would be the fear trade that people are shunning right now but may turn out to be the best trade looking back? >> i think it'
. >> look at germany. a lot of -- >> hong kong, germany, you name it. >> germany up 29% year-to-date. that has a lot to do with the ucb and the eurozone. this is a relative gain. lost in this conversation for a lot of u.s. investors, they are u.s. investors. they can't really invest globally to the same degree that we talk about, we say germany is up 29%, for a lot of investors that's out of their reach. >> if we didn't have the cliff today, we would have best trades of...
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Dec 7, 2012
12/12
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did you see what's been going on in germany? they came out and acknowledged there was a possibility of a recession early next year in germany. that's a real concern right now after germany has a new 52-week high in stocks. you'll have strong headwinds in december and january for the german market. they are talking about growth of 0.4% next year for germany gdp. it was 1.6%, guys, just six months ago. that's a pretty severe downgrade. back to you. >> wae'll see you later. as we said earlier this morning, u.s. job growth picked up in november with nonfarm payroll increasing and unemployment rate falling to 7.7%. the lowest level since december 2008. joining us from the white house this morning for our first on cnbc interview is alan krueger, chairman of the council of economic advisers. good morning. >> good morning. >> as residents of the northeastern united states, a lot of us are still trying to get our heads around the idea that sandy didn't affect these numbers at all. are we almost certain to get some major revisions next mo
did you see what's been going on in germany? they came out and acknowledged there was a possibility of a recession early next year in germany. that's a real concern right now after germany has a new 52-week high in stocks. you'll have strong headwinds in december and january for the german market. they are talking about growth of 0.4% next year for germany gdp. it was 1.6%, guys, just six months ago. that's a pretty severe downgrade. back to you. >> wae'll see you later. as we said...
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Dec 6, 2012
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germany up on the right, a good gain up over 1%, the italian market falls by 1%. silvio berlusconi is back in italian politics proving he still runs his party and withdrawing support from mario monti. this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the
germany up on the right, a good gain up over 1%, the italian market falls by 1%. silvio berlusconi is back in italian politics proving he still runs his party and withdrawing support from mario monti. this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge...
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Dec 5, 2012
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canada, germany, hong kong did better. it looks like improvement over last year's 24th place finish, it has changed methodology this year so year to year comparisons don't work. fighting corruption has not been a top priority in this country although the financial crisis is focused more attention on the issue that accounts for improvement. a couple of oil rich countries that we profiled earlier this year are among the most corrupt in the world. ranks 139th out of 176 countries and the tiny west african nation whose forestry manager finishes 163rd. you can find out more about them in an encore showing of our documentary filthy rich tomorrow night at 8:00 p.m. eastern on cnbc and more about this year's rankings of corrupt countries at cnbc.com. >> interesting, scott. especially when you look at some of these companies that are now embroiled with foreign practices act. if you were going to do business around the world, it's either play by some different rules or don't play at all. >> there is the global crackdown on that. you
canada, germany, hong kong did better. it looks like improvement over last year's 24th place finish, it has changed methodology this year so year to year comparisons don't work. fighting corruption has not been a top priority in this country although the financial crisis is focused more attention on the issue that accounts for improvement. a couple of oil rich countries that we profiled earlier this year are among the most corrupt in the world. ranks 139th out of 176 countries and the tiny west...
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Dec 27, 2012
12/12
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russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> even starbucks is worried about the fiscal cliff. and we'll take you live to one of those location as they launch their initiative. back in two. to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how
russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the...
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Dec 3, 2012
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a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. t
a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest...
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Dec 10, 2012
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let's mention germany. germany's going to contract in the fourth quarter. the trade data was weak. the bund bank lowered its forecast. we're also watching the greek bond buyback. they've extended the deadline to 5:00 a.m. new york time tomorrow, because they didn't get enough people offering to sell their bonds at that deep discount. those two stories, those two stories in the background. let's check the close. >> the european markets are closing now. >> well, you don't have to be einstein to work out there's a problem with italy that has moved on to spain. look at the lock on the italian market there. spain down also. mario monti announcing he will resign as prime minister having lost the support of silvio berlusconi's majority in parliament. so how bad is the political crisis? well, the sort of analysis we're getting out at the moment, certainly from jpmorgan, saying concerns may be overdone at this stage. you know, mario manatee may declare himself as a candidate for that earlier election. he could align himself with a later party and he could come back in some form of coalition
let's mention germany. germany's going to contract in the fourth quarter. the trade data was weak. the bund bank lowered its forecast. we're also watching the greek bond buyback. they've extended the deadline to 5:00 a.m. new york time tomorrow, because they didn't get enough people offering to sell their bonds at that deep discount. those two stories, those two stories in the background. let's check the close. >> the european markets are closing now. >> well, you don't have to be...
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Dec 12, 2012
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. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the journal today says, model looks great. the business is great. the stock is just -- people want to pay a lot of money for it, jim. >> oh, yeah, costco, those are remarkable numbers. i know you did an excellent special on coastco and it seems like the execution was impressive. people want to go there. >> as gas prices come down, that helps them, given they make it a bit of a loss leader. valuation rich for your blood. >> when you go to buy a house, you see kirkland more than any other brand. you can say, jim, that's not even -- i mean, what percent -- i am a real fan customer fo
. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the...
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Dec 18, 2012
12/12
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germany at a 52-week high. the euro at a 7 1/2-month high. things are still moving. china, big debate on the trough here. this is the debate the last two months here. goldman sachs upped its fourth quarter gdp estimates, 7.8% now instead of 7.6%. look, nobody's thinking china's going to go back to 10% or 12%. that's over. 8, 8 1/2, somewhere around there. there is good evidence now that q-4 might be the trough for china. this has been a big debate. a lot of people saying it's going to be weaker in 2013. real estate prices are improving. electricity consumption improving a little bit. industrial production, all of them looking better in the last couple of months. i think that's generally a positive. the one big thing i want to point out, if you watch what's going on in japan, we've got a new prime minister who's coming in who's putting intense pressure on the bank of japan, essentially trying to break their independence essentially. he's told them they've got to increase their inflation target from 1% to at least 2%, and told they have to start massive stimulus progra
germany at a 52-week high. the euro at a 7 1/2-month high. things are still moving. china, big debate on the trough here. this is the debate the last two months here. goldman sachs upped its fourth quarter gdp estimates, 7.8% now instead of 7.6%. look, nobody's thinking china's going to go back to 10% or 12%. that's over. 8, 8 1/2, somewhere around there. there is good evidence now that q-4 might be the trough for china. this has been a big debate. a lot of people saying it's going to be weaker...
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Dec 14, 2012
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tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-345-2550 plus, i can talk to their global specialists 24/7. tdd#: 1-800-345-2550 and trade in my global account commission-free tdd#: 1-800-345-2550 through march 2013. tdd#: 1-800-345
tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an...
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Dec 4, 2012
12/12
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but that was the message that came out of germany today. elsewhere as we kind of wait for things to happen, it's interesting the bond markets continue to rally. we were talking about this yesterday that greece has priced the debt buyback where it has. it will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming. still above 5% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value, you see the italian banks, for example, rising in value. the stock market, it's obvious the value of their assets is gaining ground. other financials around europe, the likes of kbc, bank of ireland, a lot of questions to the degree the irish can get better terms for their bailout or deal as a result of what the greeks have been given. there is -- and carl mentioned this, one area of concern
but that was the message that came out of germany today. elsewhere as we kind of wait for things to happen, it's interesting the bond markets continue to rally. we were talking about this yesterday that greece has priced the debt buyback where it has. it will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming....
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Dec 28, 2012
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as i mentioned this is the last day of trade for many markets in europe, germany, switzerland, italy, denmark, finland, norway, sweden, and austria. as we say to the germans, let's just bask in the performance of the german stock market so far this year. the yellow line is the top 50 blue chips in europe. the turquoise line is the s&p 500. both of those are up about 12%, 13%. the german stock market, the dax 30, closes out at twice that gain for the year. a gain of 29%. back to you. >> love to have their market and their unemployment figures. what a year it's been for that economy. thanks, simon. let's get to bertha coombs at the nymex and the latest moves over the energy complex. >> reporter: following that energy report, carl, we've seen a bit of a pullback across the oil and products at this hour. a much smaller drawdown with crude stocks about a half million just over a half million barrels. the expectation had been 2 million and the expectation was a buildup where nymex crude is delivered in cushing, oklahoma, up more than 2 million barrels last week to a record 49 million in sto
as i mentioned this is the last day of trade for many markets in europe, germany, switzerland, italy, denmark, finland, norway, sweden, and austria. as we say to the germans, let's just bask in the performance of the german stock market so far this year. the yellow line is the top 50 blue chips in europe. the turquoise line is the s&p 500. both of those are up about 12%, 13%. the german stock market, the dax 30, closes out at twice that gain for the year. a gain of 29%. back to you....
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Dec 21, 2012
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we are seeing a 1% loss in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an hour from now. of course, we'll bring that to you live. >> here we are. >> here we are once again. >> there was no real plan b. there was no real possibility of this. the republicans, the vast majority signed a pledge, they will not vote for tax increase. who would think they would suddenly turn around and vote for a tax increase. they pledged not to. >> the speaker said they might. >> i don't care. >> unless it's some sort of a plan to show how he's really -- you know, you've got to negotiate harder. because look what i'm dealing with. >> these guys -- do you suddenly think they're saying, all of a su
we are seeing a 1% loss in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an...
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Dec 11, 2012
12/12
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in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italians essentially should ignore it. he said the spread is a con. back to you, carl. >> he is back. silvio is back. >>> as we head into the final fomc meeting of 2012 fed policymakers have traders on edge. want to get to rick santelli on that in chicago. >> i'm on edge, all right. let's do a summary before i bring my guest and friend art nolan in. december 5th you have a 2.86 trillion fed balance sheet. you have 1.65 trillion of treasuries within that. you have 884 billion
in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly...